Thursday, August 18, 2022

Allspring recruits Andy Sowerby as the Head of APAC ex-Japan

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Allspring Global Investments (Allspring), the pure-play, independent asset manager with US$575 billion in assets under management, today announced the appointment of Andy Sowerby as managing director, head of Client Group APAC ex-Japan. Reporting to Deirdre Flood, head of International Client Group, Andy will assume responsibility for leading Allspring’s business development across the APAC region, identifying ways to best partner with existing and prospective clients.

The push and pull circumstances influencing wealth migration in Africa

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The 2020s have heralded an era of instability across the globe. Since the decade began, two Cs have consistently driven interest in residence and citizenship by investment: Covid and climate change. In Africa, a third C — conflict — has also been a push factor for some time. Yet in 2022, conflict took center-stage as a global driver. The shockwaves that followed Russia’s invasion of Ukraine have reverberated across the world, creating even greater levels of uncertainty and volatility for individuals, families, businesses, investors and gov'ts alike.

True Balance announces senior appointments to leadership team

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Reserve Bank of India authorised Prepaid Payment Instruments provider and fintech start-up True Balance recently announced multiple senior appointments to the leadership team. Amongst others, financial services veteran Souparno Bagchi as its new Chief Operating Officer (COO) and fintech expert Himanshu Jaggi as Principal Product Manager (PPM) are the two new key leaders who will reinforce the company’s expansion across India.

Challenges facing Decentralized Finance platforms and clients in 2021

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DeFi joined the finance conversation in February 2020 when the sector first surpassed one billion dollars in Total Value Locked (TVL). The TVL of the DeFi sector closed the year at thirteen billion dollars representing a 2000% growth.

Expensify’s accounting and fintech festival ExpensiCon is back in Italy

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Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, has announced the return of ExpensiCon on May 18-22, 2023, in Puglia, Italy.

Role of Sovereign Wealth Funds changing due to COVID-19 pandemic

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With economies suffering unprecedented slumps due to COVID-19, SWFs are tools of reconstruction, with many investing domestically to deliver large-scale infrastructure projects, domestic regeneration, and encourage development of particular sectors.

Investment and crowdfunding sectors have launched a webinar series

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The crowdfunding and investment industries are coming together for a series of webinars. The webinars are covering the emerging global industry of disruptive finance including private securities trading and the change in investing since the JOBS Act, plus exploring and evaluating the ongoing crowdfunding revolution that is going on in the USA and around the world.

Tips to help international students manage money while studying abroad

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While COVID-19 slowed down international study programs over the past two years of the global pandemic, many students are starting to plan for overseas learning programs again. In 2021, over 159,000 Australian students participated in international study experiences and despite restrictions, more than 248,000 international students came to Australia.

Aussie insurers turn to BPO providers to improve customer experience

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Spurred by rising client expectations, insurance carriers in Australia are rushing to design and deploy innovative digital products, and they are turning to specialized business process outsourcing providers for help, according to a new report published by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2021 ISG Provider Lens™ Insurance BPO Services Report for Australia finds carriers in the country looking to improve customer experience, reduce costs and better leverage data for competitive advantage.

Bank payment solution GoCardless hires Paul Stoddart as its President

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GoCardless, a bank payment solutions, announced the hire of Paul Stoddart as President. Stoddart joins from Mastercard where he was President of its New Payment Platforms, Executive Chairman of Vocalink and Member of the Mastercard Management Committee. In his role at GoCardless he will have global responsibility for the go-to-market firm including the Strategy, Sales, Product, Marketing and Customer teams, with a view to accelerating growth and achieving the firm’s ambition to become the world’s bank payment network.